Everything you need to know about buying and selling real estate in Mexico, Puerto Vallarta, and the Banderas Bay region

Mexican Real Estate

Differences in New Development Projects

At this moment, the majority of new construction of condos in Mexico are bought for cash (from the buyers), and developers are building with these funds. Learn about the differences in new development projects in Mexico, US & Canada.

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2020 Real Estate Sales

Bay of Banderas Market Report 2020

We had an incredible 2020 compared to many markets in the world. We know all of North American real estate has been active: buying and selling with, for the moment, healthy demand and supply. We still do not know what the underlying world-wide economics are suffering as a result of lockdown from the coronavirus.

We will begin to see more clearly in 2021 how much damage and how much positive economic or lifestyle changes are the current ¨norm¨.

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Real Estate Listings and Sales

Current Market Conditions for Bay of Banderas

Our market is not volatile as some people would expect. We are more in ¨pause¨ while everyone is watching for who the buyers and sellers will be 2020 and 2021. The majority of our 2,022 active listings are not subject to mortgages. This is key to understanding that our typical seller is not highly leveraged and has paid cash for his property. Carrying costs then are very low compared to the US or Canada where mortgages can be 90% of the value of the property.

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Planes, Projects and Property

Positives for the Puerto Vallarta Real Estate Market

First: 17 New Mexico City Real Estate Projects Approved – The Mexico City government has authorized the construction of 17 real estate projects in the capital as part of a plan to combat the economic impact of the coronavirus pandemic. The government has announced 14 projects on Paseo de la Reforma in the central borough of Cuauhtémoc, and three others along the avenue’s extension in the boroughs of Álvaro Obregón and Cuajimalpa.

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